Tiana Lazard
Wait or Rent Property for Cheap?
6 February 2025 | 6 replies
$1,500-$1,600 is about the going rate for a 2/2 in most average areas of BR, but I can see where some neighborhoods would get more.Another thing to think about - if the property is sitting vacant right now and you have ready and willing (and qualified) tenants, then the opportunity cost of waiting an extra month or two is $1,550/month.
Kenyatta Barthelemy
Starting out in New Orleans/ Baton Rouge
27 January 2025 | 21 replies
The type of rooms students would need or skilled temporary workers, not drug addicts and alcoholics.
Jay Fayz
Best way to start in REI at 20 years old
9 January 2025 | 4 replies
I’ve been considering working for as a acquisition manager for a wholesaling company, as I believe it would help me develop skills in property analysis and enhance my sales abilities.
Llamier Guzman
Newbie Here (Duplex/Sfh)
10 January 2025 | 23 replies
Plus, house hacking with a VA loan’s benefits (no down payment, low interest) is a no-brainer.After a year, transitioning into BRRRR with single-family homes makes sense, especially since you’re working on your real estate license—it’ll sharpen your skills and help you spot opportunities.
Hank Bank
Starting My Real Estate Journey: How Can I Leverage a Paid-Off Townhome?
24 January 2025 | 11 replies
@Hank Bank BRRRR is probably want you want to do.Buy, Renovate, Rent, Refi, Repeat.Before you go all in and either find out you don't like being a landlord or you make costly mistakes, start with just the next one.You'll have some challenges with tapping the equity in the townhouse:1) What loan amount can you qualify with your credit & income?
Kieran Dowling
Refinacing a duplex
20 January 2025 | 5 replies
Instead, the income from the property is used to qualify you.
Cameron Fowler
First Flip Financing / Low Cash
30 January 2025 | 6 replies
You still need some money to cover part of the rehab until you get your first draw, and if you're a brand new investor you might not qualify for 100% LTC on your first deal, but if you can partner with someone with experience on their track record or can prove significant past contractor experience then we might go that high on your first deal.
Donnisha Jones
New member looking to learn
27 January 2025 | 1 reply
I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.
David Woodside
500 hour rule - material participation
15 January 2025 | 12 replies
Under this rule, if you spend at least 100 hours on the property and no one else exceeds your time spent, you can qualify as materially participating.
Tanner Davis
Learning about real estate investing
23 January 2025 | 10 replies
Plus, if you aren't able to get approved with what you've got now in terms of savings, credit, etc. you can learn on what you need to qualify so you know what to be working towards.